Go to the list of all blogs
Rick Pendergraft's Avatar
published in Blogs
May 01, 2019

Materials Select Sector SPDR (XLB) hits lower rail of channel

The materials sector has lagged most of the other sectors so far in 2019 and for the past year. The Materials Select Sector SPDR (NYSE: XLB) is up 13.23% so far in 2019, but that places it in seventh place among the 10 select sectors SPDR ETFs. The tech sector has experienced a gain of 27.2% so far this year and that is the top performance of the group.

Even though it has lagged so far this year, the XLB could be ready to make up some ground on the other sectors. The fund pulled back a little over the last few weeks, but that brought it down to the lower rail of an upwardly sloping trend channel. That lower rail is just above the 50-day moving average, giving the ETF two layers of support.

The daily stochastic readings for the XLB moved down close to oversold territory and appear to be turning higher now. The last time the indicators were this low was at the end of December when the fund jumped by over 10% within a matter of weeks. The stochastics did make a bullish crossover on April 29.

The Tickeron AI Trend Prediction tool generated a bullish signal for the XLB on April 26 and that signal showed a confidence level of 87%. The signal calls for a gain of at least 4% over the coming month and 85% of previous predictions on the ETF have been successful.

Related Ticker: XLB

XLB in upward trend: 10-day moving average crossed above 50-day moving average on February 20, 2024

The 10-day moving average for XLB crossed bullishly above the 50-day moving average on February 20, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 17 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on February 14, 2024. You may want to consider a long position or call options on XLB as a result. In of 76 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for XLB just turned positive on February 08, 2024. Looking at past instances where XLB's MACD turned positive, the stock continued to rise in of 47 cases over the following month. The odds of a continued upward trend are .

XLB moved above its 50-day moving average on February 15, 2024 date and that indicates a change from a downward trend to an upward trend.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where XLB advanced for three days, in of 349 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The RSI Indicator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 14 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where XLB declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

XLB broke above its upper Bollinger Band on February 15, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

The Aroon Indicator for XLB entered a downward trend on February 13, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Fundamental Analysis (Ratings)

Fear & Greed

Notable companies

The most notable companies in this group are Freeport-McMoran (NYSE:FCX), Nucor Corp (NYSE:NUE), Dow (NYSE:DOW), Newmont Corp (NYSE:NEM), DuPont de Nemours (NYSE:DD), CF Industries Holding (NYSE:CF), Mosaic Company (The) (NYSE:MOS).

Industry description

The investment seeks to provide investment results that, before expenses, correspond generally to the price and yield performance of publicly traded equity securities of companies in the Materials Select Sector Index. In seeking to track the performance of the index, the fund employs a replication strategy. It generally invests substantially all, but at least 95%, of its total assets in the securities comprising the index. The index includes securities of companies from the following industries: chemicals; metals and mining; paper and forest products; containers and packaging; and construction materials. The fund is non-diversified.

Market Cap

The average market capitalization across the Materials Select Sector SPDR® ETF ETF is 38.03B. The market cap for tickers in the group ranges from 7.15B to 216.33B. LIN holds the highest valuation in this group at 216.33B. The lowest valued company is FMC at 7.15B.

High and low price notable news

The average weekly price growth across all stocks in the Materials Select Sector SPDR® ETF ETF was 1%. For the same ETF, the average monthly price growth was 7%, and the average quarterly price growth was 6%. ALB experienced the highest price growth at 18%, while IFF experienced the biggest fall at -6%.

Volume

The average weekly volume growth across all stocks in the Materials Select Sector SPDR® ETF ETF was 0%. For the same stocks of the ETF, the average monthly volume growth was -20% and the average quarterly volume growth was 52%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 52
P/E Growth Rating: 39
Price Growth Rating: 38
SMR Rating: 57
Profit Risk Rating: 52
Seasonality Score: 25 (-100 ... +100)
View a ticker or compare two or three
XLBDaily Signal changed days agoGain/Loss if shorted
 
Show more...
Ad is loading...
A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

Category NaturalResources

Profile
Fundamentals
Details
Category
Natural Resources
Address
One Lincoln Street Cph0326Boston
Phone
N/A
Web
www.spdrs.com
Interesting Tickers
1D
1W
1M
1Q
6M
1Y
5Y
1 Day
ETFs / NAMEPrice $Chg $Chg %
LABU166.0514.51
+9.58%
Direxion Daily S&P Biotech Bull 3X ETF
PSCT47.050.54
+1.16%
Invesco S&P SmallCap Info Tech ETF
RMI16.150.06
+0.37%
RiverNorth Opportunistic Municipal Income Fund
XHYC37.040.12
+0.33%
BondBloxx US HY Cnsmr Cyclcls Sctr ETF
CARD15.29-0.62
-3.90%
Max Auto Industry -3X Inverse Lvrgd ETN

XLB and

Correlation & Price change

A.I.dvisor indicates that over the last year, XLB has been closely correlated with VAW. These tickers have moved in lockstep 99% of the time. This A.I.-generated data suggests there is a high statistical probability that if XLB jumps, then VAW could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To XLB
1D Price
Change %
XLB100%
+0.46%
VAW - XLB
99%
Closely correlated
+0.51%
FMAT - XLB
98%
Closely correlated
+0.59%
IYM - XLB
98%
Closely correlated
+0.46%
PYZ - XLB
93%
Closely correlated
+0.49%
FXZ - XLB
91%
Closely correlated
+0.71%
More
Ad is loading...
In the dynamic realm of the contract drilling industry, recent market shifts have left their mark on notable players. Transocean Ltd ($RIG), Diamond Offshore Drilling ($DO), Patterson-UTI Energy ($PTEN), Noble ($NE), and PDS Energy ($PDS) find themselves facing collective losses, shedding light on the industry's evolving landscape. As this group grapples with a -4.22% downturn in the past week, our exploration delves into the intricacies of their market capitalizations, high and low price fluctuations, volume trends, and fundamental analysis ratings. Discover how these significant tickers are navigating challenges and learn how market dynamics are shaping their trajectories. Join us as we uncover insights from the contract drilling sector and gain a deeper understanding of the forces at play in this ever-changing market.
#latest#popular#artificial_intelligence#trading#technical_analysis
🚨 Market Alert! 🚨 Stay tuned for more updates, and as always, invest wisely! 💡 In a week marked by notable shifts, Target (TGT, $121.79) experienced a significant downturn, plummeting by -7.18%. But what's causing this dip amidst the broader Discount Stores Industry landscape? Of the 16 monitored stocks from 8/18/2023 to 8/25/2023, a staggering 88.89% were on a downtrend. However, it's not all gloom for Target. Their recent earnings report showcased an EPS of $1.80, surpassing the forecasted $1.47. Additionally, dividend enthusiasts have a silver lining with a forthcoming dividend of $1.10 per share. As giants like Walmart and Costco continue to dominate the market, where does Target's recent performance fit within the bigger picture of discount retailers? Dive deep into our comprehensive analysis to gain insights into Target's current position, industry trends, and what this could mean for future investments. 📊🔍🛍️
#latest#popular#artificial_intelligence#trading#technical_analysis
The 'fish' category primarily encompasses sellers of fish. Many companies within this sector also venture into the production and sale of poultry, frozen meat, and even dairy products. Notable entities in this domain include Lifeway Foods, Inc., Sanderson Farms, Inc., and Hormel Foods Corp.
#artificial_intelligence#investment
The recent performance of the Trend Trader's Popular Stocks: Price Action Trading Strategy (TA&FA) robots has caught the attention of market enthusiasts. These automated trading bots, often referred to as "bot factories," have demonstrated their prowess by generating a notable gain of +5.81% while trading AMTX over the course of the previous week. This achievement becomes even more intriguing when considering the downward trend that AMTX has been experiencing recently.
The Electronics Distributors industry has recently showcased a remarkable performance surge of +6.01% over the past month, signifying a period of growth and potential for investors. This article delves into the positive outlook and potential opportunities within this dynamic industry, focusing on key tickers and indicators that underscore its current trajectory.
The Dow and S&P have both declined by 3.4% and 4%, respectively, since the beginning of the month, while the Nasdaq has experienced a loss of approximately 5.3%. The airline industry stocks have been hit the hardest, with some stocks seeing declines of over 20%. Signals for these stocks can be obtained by subscribing to one of our robots Swing-Trader-700-per-position-Hedge-Fund-Style-Trading-TA-FA.
The Metabolic Sector Biotechnology companies that produce drugs to treat gastrointestinal and metabolism disorders are classified under the 'metabolic' category. These disorders often encompass obesity, which can potentially lead to severe diseases such as cardiovascular ones
#artificial_intelligence#investment
Discover the impressive 6.17% gain within the Human Capital sector as we delve into the performance of key tickers like $PAYC, $RHI, $EFX, $PRFT, and $AMN. Uncover market insights, potential trends, and the factors driving this substantial growth in the dynamic world of human resources and staffing solutions.
🚦DWS Strategic Municipal Income Trust (KSM) sees a 0.93% drawdown amid shifting indicators. With RSI hinting at a potential uptrend, what's next for KSM? Dive into our analysis for key insights!📊"
#latest#popular#artificial_intelligence#trading#technical_analysis
Over the past month, all markets have experienced a significant correction. Banking sector stocks have declined by approximately 10% and appear to be underperforming the market. If you're an investor or trader looking for more detailed signals on these stocks, our robots can provide you with information to make more informed decisions. Learn more about our active trading robots here: Swing-Trader-1-5K-per-position-Medium-Volatility-Stocks-for-Active-Trading-TA-FA. Market volatility creates opportunities, and the right tools can help you take advantage of the current situation.
The latest triumph comes from the "Swing trader: Deep Trend Analysis (TA)" AI trading bots, which have earned the moniker of "bot factories" due to their impressive performance. These bots recently executed a remarkable feat by generating a substantial gain of +6.28% while trading SAVA over the past week. This success story underscores the growing role of AI in shaping the landscape of modern trading.
The Thermals group has shown remarkable resilience and growth, with a remarkable performance increase of +4.57% over the last month. Comprising tickers such as DAN, INTT, BRKR, WAT, and PNR, this group is at the forefront of thermal analysis and related technologies. In this article, we delve into the performance of these stocks, explore their market capitalization, price trends, and highlight specific insights for three key tickers: DAN, INTT, and PNR.
Discover how Apple, Cisco Systems, QUALCOMM, Booking Holdings, and Humana are driving the solid names group to a remarkable +2.72% gain. Delve into the market dynamics and explore the factors behind this impressive growth.
#trading#latest#popular#artificial_intelligence#neutral_bluish#asset_allocation
Facing one of its steepest drops, FinVolution Group (FINV) recorded a -10.31% fall this month. What's next for this finance giant amidst industry shifts? Dive into our analysis to explore the factors behind this significant decline. 📉🔍
#latest#popular#artificial_intelligence#trading#technical_analysis#asset_allocation
Tech giant Nvidia just entered the elite $1.2 trillion club! From record stock highs to intriguing RSI trends, uncover the story behind Nvidia's meteoric rise and what it signals for the financial landscape. Nvidia's journey, decoded!"
This week, the market has shown a promising turnaround and is likely to continue its growth. Industrial Machinery stocks have performed well, with some seeing gains of 3-5% over the past week. You can check out signals for these companies' stocks in our robot: Swing-Trader-1-5K-per-position-Medium-Volatility-Stocks-for-Active-Trading-TA-FA.
The pharmaceuticals generic industry is a significant player in the global drug market. Generic drugs, which contain the same chemical substance as their patented counterparts, are sold at more affordable prices once the patents for the original drugs expire. This affordability has led to the vast popularity of generic drugs.
#artificial_intelligence
One notable example is the "Day Trader: Medium Volatility Stocks for Active Trading (TA&FA)" bot, which has demonstrated its prowess as more than just a trading tool – it's a bot factory generating remarkable gains. Over the previous week, this AI trading bot managed to achieve a remarkable +8.37% gain by actively trading NVDA, a clear testament to the potential of combining technical and fundamental analysis with automated trading strategies.
Dive into the fascinating world of nuclear energy as we uncover the remarkable gains achieved by top performers in the industry. Stocks like $HII, $BWXT, $PESI, $LTBR, and $WVE have surged by an impressive +14.14%. Discover the driving forces behind these remarkable market movements and the potential opportunities they unveil. Don't miss out on the insights that could reshape your investment strategy!
#latest#popular#artificial_intelligence#trading#technical_analysis#asset_allocation
Thermo Fisher Scientific ($TMO) emerges as a beacon of hope for investors, registering a remarkable 5.38% jump this week. Dive in to discover what's fueling TMO's impressive ascent in the Medical Specialties sector. 🚀📈
#latest#popular#artificial_intelligence#trading#neutral_bluish